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Technology Stocks : DELL Bear Thread

DELL 126.42

-0.6%

1:46 PM EST

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To: fred woodall who wrote (1082)	6/22/1998 11:56:00 PM
From: Richard Tsang	Read Replies (2) of 2578

Having covered most of my short positions in the low 80's to, I shorted Dell again today at 88 1/2. Checked the options market, the Jul 85 put closed at 3 1/4 (the ask price). Why would people want to buy puts at this price. Can someone help me understand? Wouldn't it be good strategy to sell some puts as a hedge to cover my shorts at these prices, or am I missing something? I need help! Thanks. RT

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